Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDJPY to trend upwards. Based on these past events there is a 71.43% chance of this. We expect USDJPY to trend upwards for 4 hours because the released value is > 63. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 02:00	08 Jan 02:00
06 Oct 01:00	06 Aug 00:00
04 Jun 00:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).